Who Governs Global Oil Prices?
... he only highlights three stages, but he outlines two factors behind shifts in oil prices. He sees the key reason being “fundamental factors”, but occasionally short-term “financial factors” also edge the market. For instance, just ... ... socio-economic factors. But, in 1969 to 1973 a major transitional period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked evermore to national goals. Also, the two-regional system ...
13.09.2013